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shot at getting a good education. you know, there are a lot of folks in that instance that really we need to start helping. you know, there are some other issues that face working parents every single day. they've got to face the rising cost of health care, the prospects of losing a job. how are they going to support their family? these are the kinds of things that i'll be talking about today at aei to fry and make life work again for more people. >> you know, leader, is this a situation where you feel like you have to explain how your policies actually play out on american families? this sounds like the kinder, gentler gop. because when people start hearing all this talk about budget cutting, sometimes their eyes glaze over because it's just numbers. and you're probably in a situation where you've gotten a lot of pressure from the president who has said this is not the way the american people want to go. is this a plan to try and take back that debate? >> i do think there are some lessons to be learned from the last election. and i think that we have been steadfast in our commitment
to help educate the american public so that our leaders would have a greater support to do what they have to do. and the numbers really are over the intermediate term are really impressive. >> we've watched fix the debt and a lot of these organizations that are backed by businesses who have run the numbers and are growing concerned about it. i've been surprised that it hasn't picked up more steam with the american public pushing pressure back on their politicians to deal with these things. it's a complicated problem and while everyone can probably look at the logic of it, they also don't want to lose the benefits that they're getting right now. >> you've got it absolutely right. but here's the numbers that are really so compelling. this past fiscal year, social security, medicaid, and medicare was a trillion and a half dollars. by 2020 simply because of demographic shift in the country that's going to be 2.5 trillion. a trillion dollars more every year in seven years. that 2.5 trillion is equal to every nickel that we brought in last year. total tax revenues last year were 2.5 trillion. a
. we're also budget neutral. we have to have a certain amount of revenue to fund education, public services and health and human safety. we're not willing to do away with that. i'm willing to compete with any state in america. i'm willing to compete globally. i just returned from china about 2 1/2 months ago. that's the economy we live in today. if i go back five decades ago we competed regionally and nationally. today we compete nationally and internationally. it is a global market. so, i think most governors understand that. >> governor, no question it seems like it makes sense to have this discussion about eliminating the loopholes that are there now, trying to simplify the tax code but we did just have someone write in on twitter who lives in washington state who says be ready for 9% sales tax like we have in washington and it goes up every year because that is a place where they've eliminated the income tax. what's your response? how do you make sure that doesn't happen? >> we believe in this very nominal financial concept that washington, d.c.'s never heard of, and some state
, the public investment that we need to have, fiscal restraint. reform and education and energy and so much else. who the next president is is very important. i think there are a number of very good democrats to carry that. >> carry the torch? okay. bob rubin, thank you for being here this morning. >> you're more than welcome. >> come on back. we've got to do this more frequently. >> okay. >> i've got to try. coming up we have breaking economic data around the corner. closely watched weekly jobless claims and fourth quarter productivity numbers at 8:30 eastern. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ]'ll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the lar
this conversation. >> thanks for having me. >> thanks for coming clean on your educational background. i appreciate that. i thought appeared rue would want to ask something. andrew, you weren't excited? >> all right. joe, thanks. sign me up for some shares in that handle. >> i want that, too. >> i happen. i am desperate for it rye it now. >> we're googling for it rye now. joe is going to invest in it, make a ton of money and leave us behind. a powerful winter storm is on its way from the east coast. jen carfagno -- did i say that right? >> carfagno. >> joins us from the weather channel. >> by the way, i'm going throw in a few bucks, too, for that new product. we need that when we have a storm like this. the scale only goes up to ten. we don't see something like this every day even every year. we're talking about an historic storm. boston, 10 out of 10. blizzard continues expected. portland, same issue, as well. we have blizzard warnings for 23 million people overall, 54 million people under some type of winter storm warning or adviso advisory. and it's two storms coming together. the radar, too, sh
Search Results 0 to 4 of about 5